Risk appetite increased after China announced more stimulus measures. All eyes are now on US inflation figures. The pound remained fragile due to the recent bond market rout. The GBP/USD price analysis shows some relief for the pound as market participants await crucial US inflation data. Nevertheless, the long-term outlook remains clouded as traders worry...
The People’s Bank of China announced more measures to support its fragile economy. Consumer sentiment in Australia dropped in January. Traders eagerly await the US PPI report. The AUD/USD outlook indicates continued optimism about China’s efforts to support its weak economy, which has boosted the Aussie. Meanwhile, Australia’s decline in consumer sentiment could pressure the...
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